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to pay taxes, we should not be using taxes to reward people who fail. we should be using them to reward people that want to work. everybody in this country should succeed, not just people in government. host: president obama gave an address yesterday talking about how congress should act to keep taxes low. let's take a listen. >> 97% of small-business owners will not see their taxes go up next year. this is something everybody says they agree on. it should have gotten done months ago. republicans in congress are standing in the way. there are holding tax cuts for 98% of americans hostage until they pass tax cuts for of the richest 2%. congress needs to step up and provide every responsible homeowner a chance to save $3,000 a year on mortgage at refinancing at lower rates. i give them a plan to do that in february. it is a plan that has the support of independent nonpartisan economists. republicans will not let it come to a vote. ask them how that helps homeowners. congress needs to step up and pass my plan to create a job corps to help our returning heroes find jobs as cops, firefighter
, they are being crushed. >> that is when joe biden says. >> how they can justify raising taxes on the middle class who has been bearish for the last four years. >> to joe biden. [applause] don't boo, he has the best thing we have got going, guys. >> it was the biggest drop since -- i read that in a column friday morning. on the cover 25 1415 the english king henry the fifth led his army to victory. french king charles the sixth was mentally incapacitated at the time of battle. that is about as far as i wanted that one. charles? >> you were there, as i recall, you covered it for "the daily frog." it was felt he could of been moe aggressive. >> quite a route. i must say, when i wrote the column, i tried to keep on quoting -- keep from gloating. >> you did not. >> the whington punditry says that mitt romney won the debate hands down and that the president was aware of his game. here is a sample. >> you have been president four years, you said you would cut the deficit in half. we still have trillion dollar deficits. >> five weeks before the election, he says his big idea is, never mind. >> if there i
they can justify raising taxes on the middle-class who have been buried the last four years. >> to joe biden. no, don't boo. he is the best thing we have got going, guys. >> it was the biggest brownson's encore. i read that in a column friday morning. on the cover 25th, 1415 on christmas day at parkton corps, king henry led his army to victory. charles the six was mentally incapacitated at the time of battle. that is as far as i want to take that one. agincourt? >> yes, you were there, as i recall. you covered it for the daily frog. it was quite a rout. when i wrote the column, i try to keep from gloating, but i'm not sure i succeeded. >> you did not. >> the washington punditry heavily supported by the polling concludes that government romney won the first debate hands down and that the president was off his game. >> you have been president four years. you said you would cut the deficit in half. we still have trillion dollar deficits. >> five weeks before the election, he says his big bold idea is, never mind. >> if there is any good news for the president after the debate is that the
. >> i believe we ought to make the tax cuts for the middle class permanent. >> we have now got both parties essentially telling a big lie, with a capital "b" and a capital "l," to the public. >> cut taxes. >> cutting taxes. >> make the tax cuts permanent. >> the republican party, as much as it pains me to say this, should be ashamed of themselves. >> this from ronald reagan's old budget director, architect of the largest tax cut in american history? >> it's rank demagoguery. we should call it for what it is. >> welcome to 60 minutes on cnbc. i'm morley safer. in this edition, we look at two of the topics dominating the american economic landscape: jobs and taxes. first, we meet with president obama's so-called jobs czar. then we visit a struggling town in the heartland. and finally, we take a look at a controversial income tax initiative in washington state. in the first decade of the 21st century, big american firms cut around 3 million jobs in the u.s., while adding almost as many overseas. no company went global more aggressively than general electric, the conglomerate that makes
you later on in the show and tonight's vice presidential debate, the tax discussion will be a key issue, the so-called $5 trillion tax cut for rich people. now, take a listen to former senator alan simpson in an exclusive interview only on cnbc today. >> you have a situation where grover norquist has obtained this pledge in the '80s, in the early '90s, he got this pledge that you wouldn't raise taxes under any circumstances unless they are commensurate with spending cuts and those guys are enthralled to him. >> best way to take that on is to reform the tax code, to broaden the base and simplify the code, to wipe out these tax expenditures and use that money to reduce rates. >> well, all right. lo looks like bowles supports the grover norquist idea which is the romney idea. sounds like simpson, as usual, is being very crotchety. let's get to the two guests to get to the hoe-down. dean baker from the center for economic and policy research and the aforementioned grover norquist, president of americans for tax freedom. first of all, grover, what is alan simpson talking about? >> well
is president for america's for tax reform. welcome back to the show. a pleasure to be with you here. >> great to be with you. gerri: they want more in taxes, cutting in spending. with friends like these, who needs enemies, grover? how do you react? >> read today's "new york times," there's an article about the idiot rich businessmen in france who raised taxes a little bit and cut spending and elect the socialist president of france who is now raising their personal income taxes to 75% and their capital gains taxes to 60%, and these very, very smart businessmen who brought this on themselves are running for the borders. gerri: nobody's suggesting that here. in fact -- >> they were not in france either. gerri: even mitt romney in the debate said why not bowles-simpson? it's a balanced approach. you're not in favor of it. >> of course not. he was talking about what simpson bowles says it wants to do sometimes which is restrain spheppedding and have revenue neutral reform. if you read the fine print of simpson-bowles, it takes taxes from 18.5% of gdp, its normal for the last 30 years, to it 2* #
, my old pal, art laffer, is going to blast obama and tell you why mitt romney's tax reform is pro-growth and it will not cost anything like $5 trillion. >>> plus, did president obama, hillary clinton and susan rice lie about the 9/11 benghazian attack? the latest sworn congressional testimony sure makes it sound that way. >>> first up tonight, let's do some stock investigation. fourth day of losses across the board. dow dropped 129 points. is the tepid earnings season to blame or are you guys missing a political revolution which will surround the economy? let's talk. we have mike holland, david goldman and michael farr. michael, i don't care about third-quarter earnings. that is so yesterday's news. i can't stand it. that is just so yesterday's news. it's boring. it's nothing. maybe the guidance has something to say. but the economy is not in bad shape. the economy is not in bad recessionary shape and a political revolution is coming and i want to get your take. after you get through taking profits, michael, what happens next? do you buy them back? >> i think you do a little bit,
away from fundamentally every position that he had taken. you cannot cut taxes by $5 trillion, as he's doing, and simply say, oh, i don't have that tax cut. i'm not going to cut taxes for the wealthy when the average high-income earner is going to get a $250,000 tax cut. >> let me stop you right there because the romney campaign has a new ad out just on that point and say the president and his team are aligned when they call it a $5 trillion tax cut. >> president obama continues to distort mitt romney's economic plan. the latest, not telling the truth about mitt romney's tax plan. the ap says it doesn't add up. abc news, "mostly fiction." even the obama campaign admitted it it wasn't true. >> well, okay, stipulated it won't be near $5 trillion. >> so does the campaign now accept that the cuts will be less than $5 trillion? >> no, absolutely not. i mean, look, if you're going to reduce the bush tax rates by 20% in the estate tax, in the amt, change the corporate rate and a whole host of other changes, that adds up in a reduction of revenue. the question for governor romney is what loo
of taxes. there aren't enough tax loopholes or tax deductions to pay for romney's tax cut unless you cut into home interest mortgage deductions, unless you get rid of state and local taxes. that will hit the middle class hard. you have to be honest about this. the debate hurt obama and helped romney, and romney's gotten a bump in the polls, although it seems to be flattening out. you look at the new poll in ohio, the president is at 51%, romney is at 47%. i think the president, the fundamental structure of the race hasn't been changed, but if he doesn't go on the attack, if biden doesn't do a good job against ryan, and if the president doesn't show up and isn't strong in the second debate, then you're going to have a tossup race. >> well, i would disagree with your approach, first of all. i don't approach it that way. that's going back and relegating all the old arguments. in spirit what i would do, unlike shrumy, i would take the big issue that is separating the candidates, don't get into the little trench warfare about what's your tax plan and where were you on medicare two weeks ago.
and rescued general motors. we went ahead and made sure that we cut taxes for middle class. and in addition to that, when that occurred, what did romney do. romney said no, let detroit go bankrupt. we moved in and helped people refinance their homes. governor romney said no, let foreclosures hit the bottom. but it shouldn't be surprising for a guy who says 47% of the american people are unwilling to take responsibility for their own lives. my friend recently in a speech in washington said 30% of the american people are takers. these people are my mom and dad. the people i grew up. my neighbors. they pay more effective tax than governor romney pays in his federal income tax. they are elderly people who, in fact, are living off social security. they are veterans and people fighting in afghanistan right now who are, quote, not paying any taxes. i have had it up to here with this notion that 47%-- it's about time they take some responsibility here. and instead of signing pledges to grover norquist not to ask the wealthiest among us to contribute to bring back the middle class, they should be si
at the busy week that was. >> there aren't enough rich people and small businesses to tax to pay for all their spending. >> with all due respect, that is a bunch of malarkey. >> what words came out are not what i meant. >> wow, here's old moderate mitt. >> with more assets, more resources, we could have and should have saved the life of ambassador stevens. >> is it true that you voted to cut the funding for embassy security? >> absolutely. >> politics ruled this week that was, but the vp showdown, that took the cake. of course, sprinkled with a few zingers. >> i think the vice president very well knows that sometimes the words don't come out of your mouth the right way. >> zing. >> lower tax rates increase growth. >> oh, now you're jack kennedy. >> zing. >> this is a bunch of stuff. look, here's the deal -- >> what does that mean, a bunch of stuff? >> it means -- >> zing. >> as for that first debate. >> i think it is fair to say, i was too polite. >> not an issue with these guys. >> turped into this sparring and it was very, very personal. >> personal and partisan. >> you have to be kidd
these things a lot tonight in my comments. i was the governor who drew top tax fraud. i had to cut $5 billion from the state budget, including my own salary. i'm the only governor in modern times who left the office with a smaller general fund budget and when i started. i know how to be fiscally responsible. my opponent when into the united states senate in 2001 with the biggest surplus in the united states and six years later left with massive deficits. during his time in the senate, the national debt went up by $16,000. he conceded that spending was a problem in the senate. we also have people who need to know how to work together. i learned to cut crime bills and the economy. my opponent said his job was to not democrats softly. he took this similar position in the senate, fighting efforts led by the then-senior virginia senator. when someone who will fight and that is what i will do is your next to none state senator. >> if mr. allen, your opening statement. >> thank you. it's much better future than what we are having to endure these days. that is why i put forward a detailed plan. my bl
's about taxes and what is going to happen next year with taxes? the enormous regulatory burden coming out of washington. people don't know how much it's going to cost to have that new employee that they might hire with the health care health care bill or the epa regulations. all of those things that bavarian certainty that's in the marketplace. there was just a survey that came out and said that 67% of small businesses today are not hiring because they don't know what to expect next year. and that is why we have got to have taxes to have some certainty as far as what the regulatory burden is going to be and then we can unleash this economy. we will give people the confidence to hire, to grow their business and to invest and that really is the biggest issue today for small business people certainly and really all businesses. >> moderator: i'm going to stop either congressman and kevin asked to what is the most important and i'm going to ask you what's the worst thing that congress can do right now as it tries to drive economic growth? latham: it's a tossup between increased taxes but i rea
. and the administration's mixed messages. then there are the gaffes. >> how they can justify raising taxes in the middle class has been buried the last four years. >> reporter: they may give ryan fodder, analyst note the vice president performs better when the speaking time is limited. >> in debates; particularly, against sarah palin four years ago he was disciplined. i don't think -- i think the republicans will be unwise to count on a biden gaffe. >> reporter: fox learned that the vice president was all over the place in his first debate prep session. that's why david axelrod and other top obama aides took over the debate prep. bottom line, a little rusty after four years of not debating. i'm told by the top democrats he did at least six intensive debate prep sessions. they are confident he is ready tonight, bret. >> bret: okay, ed. thank you. the presidential candidates are taking something of a backseat to their running mate today. and getting ready for their own rematch next week. chief political correspondent carl cameron has that story. >> hello, miami! [ applause ] >> president a rayed suppor --
, plant closings, layoffs, outsourcing, income tax returns, cayman islands in the bermudas. they took a baseball bat and beat romney's brains and in the six or seven swing states and that is why his numbers are upside down and that is why he has had so many problems until now. why they did that i don't know. i've been asking that question since june and i just think it was a huge miscalculation and the romney campaign family intervention that politico reported the other day basically tried to introduce him. this is what they should've done and the intervention that was reported was that mrs. romney and tad romney the oldest son of mitt romney went to his father and said you have to change things. is that the essence of of the? >> yeah and the family have wanted to take the charlie cook approach and alluded to the fact that their big bad from the beginning, the stuart steven sperry, the chief strategist very in the campaign was that all you had to be was not obama and that turned out to be wrong. you see it in the different channels they are doing now. no, you have to be yourself and n
in this country [ malemannouncer ] who will raise taxes on the middle class? according to an independent non-partisan study, barack obama and the liberals will raise taxes on the middle class by $4,000. the same organization says the plan from mitt romney and common sense conservatives is "noa tax hike on the middle class." wantofroof? read the non-partisan study for yourself at american.com. o obama and his liberal allies? we can't afford four more years. i'm mitt romney and i approve this message. >> you are watching abc 7 news at 6:30. >> the pharmacy that distributed the steroid linked to the deadly fungal meningitis has issued a voluntary recall. the announced their decision today. it spans nine states including maryland and virginia and has killed at least seven. u.s. health officials reported an additional 27 cases today increasing the total number to 91. >> taking a look at vote 2012. both candidates taking an opportunity to get out on the campaign trail. romney spent the day in florida trying to boost his chances in that cri
/11, and today osama bin laden is dead. four years ago, i promise to cut taxes for middle-class families, and we have, by $3,600. of promised to cut taxes for small business owners, and we have 18 times. we got back every dime we used to rescue the banks, and we passed a law, to the end taxpayer-funded wall street bailouts permanently. we passed health care reform, also known as obamacare, because i do care. i do not want insurance companies, jerking you around anymore. i do not suit him -- do not want somebody without health care because they have a pre-existing condition. we repealed "don't ask, don't tell," as i promised him we would. today, he no outstanding soldier, marine, sailor, here man -- airman, none of them will be kicked out of the military because of who they are and who they love. when you think about ohio, and when governor romney said that we should let the auto industry go bankrupt -- we said, we are not going to take your advice. do not boo. vote. we reinvented a diving auto industry that supplies one in eight ohio jobs and has come roaring back to the top of the world. four y
's tax plan. president obama and harvey rosen the professor is here tonight to set the record and in the president straight. welcome to "the willis report." gerri: hello, everybody, tonight, we began with the with the supreme court where nations justices take on one of the hottest issues out there. abigail fisher and university of texas for rejecting her for being white. joining me now, the former federal prosecutor and kelly stand on, a constitutional law attorney. welcome to you both. fred, i'm going to start with you. you might think that the court should rule in favor of the university of texas, which is fighting to keep these racial preferences. why is that? >> well, i'm not advocating one decision or another. if you look at supreme court questioning going back to 2000 and three race can be a factor in determining admission. in this case, i think for the university of texas, the majority of the students at the university of texas at intercampus if they are in the top 10% of their graduating class because of the way that the schools are set up. that leads to diversity. ger
and biden want to raise taxes by $8 trillion. guess what? yes, we do. >> sean: yes, you do. finally, a politician is telling you the truth. lich, folks. that's the vice-president. if re-elected over a trillion doctors in new taxes. you want to vote for that option? we'll check in with charles krauthammer on this busy friday edition of "hannity." mike rowe here at a ford dealer with a little q&a for fiona. tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee... affording peace of mind to anyone who might be in the market for a new set of res? your ford dealer. i'm beginning to sense a pattern. buy four select tires, get a $60 rebate. use the ford service credit credit card, get $60 more. that's up to $120. where did you get that sweater vest? your ford dealer. i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor pre
woodward. and then... >> obama and biden want to raise taxes by $8 trillion. guess what? yes, we do. >> sean: yes, you do. finally, a politician is telling you the truth. lich, folks. that's the vice-president. if re-elected over a trillion doctors in new taxes. you want to vote for that option? we'll check in with charles krauthammer on this busy friday edition of "hannity." so anyway, i've been to a lot of places. you know, i've helped a lot of people save a lot of money. but today...( sfx: loud noise of large metal object hitting the ground) things have been a little strange. (sfx: sound of piano smashing) roadrunner: meep meep. meep meep? (sfx: loud thud sound) what a strange place. geico®. fifteen minutes could save you fifteen percent or more on car insurance. is i can follow all my sports... catch the latest breaking news... keep in touch with friends... follow the financial headlines... find a great restaurant... and with siriusxm i can get weather forecasts... all from here. in my mercedes-benz. [ male announcer ] introducing mbrace2. the most comprehensive cloud-bas telem
that they are not going to cut taxes in way that willed a to the deficit, and i'll bet they are also claim that they are not going to raise taxes on the middle class, but they'll give the middle class a tax break. all of those lies we have heard before. and obamacare is a big government program. i don't think joe can be too aggressive. he doesn't have to be obnoxious. that's not his style anyhow. but he has to take on every single one of those. the other thing i think is is important for joe biden, i believe, that he has got to remember, that this is not for him. nobody is going to vote for him or paul ryan. if you are going to vote for just joe biden or paul ryan. if you want to vote for paul ryan and joe biden, you can't do that. it's not about paul or joe, it's about barack obama and mitt romney. and joe biden has to keep bringing it back to the fundamental choices. move forward with obama or move backward with mitt romney. i think joe has to make that point over and over and over again. and then i think it is important for us to realize that in the past there have
-end, point, where a number of provisions need to be dealt with. it is a massive combination of taxes and spending. we have the george w. bush era tax cuts that were extended two years ago and now expire at the end of the year. these are tax cuts that lower tax rates,hat impact americans all across the income scale. you have tax breaks on higher income, lower income that would shift if congress fails to act. there are middle-class tax breaks that are part of that. congress does not do anything, almost everyone's taxes would go off. there is a sizeable package of spending cuts to the federal government, 100 billion for the next fiscal year that would hit several departments evenly across the pentagon and domestic agencies. these spending cuts were the product of white listeners would remember as the debt ceiling negotiations -- of what listeners would remember as the debt ceiling debate where leaders could not get the debt load under control and they essentially said all right, since we fail to come up with a plan to a month next year we will automatically trigger these -- to come up w
-- raise everybody's taxes. he took it -- he looked right into the land and says i'm going to raise your taxes. he has had a lot of experience in that and he is going to go ahead and do it. but remember the statement from london johnson when he was looking around at why his party people weren't supporting him. -- lyndon johnson. he said they paid their tails white and ran with the envelopes. there are a lot of democratic tales running with the antelopes. not one single democrat has introduced the mondale tax bill into the congress. of course i support the president's economic program and i support him and everything else. i'm not sure because of my concept of the vice presidency that if i didn't i would go doing what mr. mondale has done with jimmy carter -- jump away from it. i could not do that to ronald reagan now, next year, or any other time. i have too much trust in him, too much friendship for him, and i would feel very uncomfortable doing it. >> some republicans have criticized mr. mondale for saying he disagreed privately with jimmy carter's decision to impose a grain embargo. h
of comfort with voters. the obama campaign guns in. plant closings, layoffs, outsourcing, income tax returns. they take a baseball bat in beat romney's brains in in the six or seven swing states. that is why his numbers were upside down. why they did that i do not know. i have been asking that question since june. it was a huge miscalculation. the romney campaign family intervention try to introduce him -- this is what they should have done back in may or june. >> mrs. romney and the oldest son of mitt romney went to the father and said to have to change things. >> for a long time, the family had wanted to take the charlie cook approach. chris wallace alluded to the fact that their big bet from the beginning was that all you had to be was not obama. that turned out to be wrong. we can see in the different channels that they are doing now. you have to be yourself in addition to not being obama. >> let me explain. a lot of you do not know who stuart stevens is. he is a republican strategist from mississippi. he was a hollywood writer. he used to write "northern exposure." he has written a coup
on that but the fiscal cliff being the package of spending cuts and tax increases that are scheduled to go into effect the end of the year. and there is a lot of worry among economists and business people that could throw the economy and spending cuts in defense, you've got a lot of defense contractors word rid about what is going to happen after the turn of the new year. it's anybody's guess in terms of whether congress can come together after the election but before every new person takes office. there is hope that in the november through january period that congress and the white house can come to an agreement and either postpone those spending cuts or tax increases or come to some new agreement on the budget that could replace the fiscal cliff. i think there will be a postponement of it and perhaps waiting for the new presidential and congressional elections, wait until they come in and sort it out. but depending on how the election goes, the lame duck session which will be in office after the election might be a reason to make a deal before the new people come in. so we'll see. host: the next cal
today with the threat of higher interest rates and a losing a dollar and much higher tax rates. we know that we are giving the students here at this academy, our children and grandchildren, a lower standard of living. we've never done that in this country before. host: vice-presidential candidate paul ryan in new hampshire at a recent event. here's what you might hear from the vice-president joe biden at tonight's debate. this is from a recent campaign stop in florida. [video clip] >> there is no quit in america, folks. ladies and gentlemen, that's why i know i'm not the only one who was offended to hear governor romney write off nearly half the country is in his statement about 47% of the people being dependent. if you read the book congressman ryan has written with two other leading young members of the republican party, they talk about -- the title of the book is "young guns," and they talk about this culture of dependency in america without acknowledging that all those people -- of the 47%, 82% to pay federal taxes, the remaining 10% are seniors on social security who don't have to
security? and, yet, was turned down? number two: when asked who would pay more taxes in a second obama term, biden answered people making more than a million dollars or more. totally misleading. the associated press today reports that obama's proposed tax increase reaches individuals making more than $200,000 a year and couples making more than $250,000 a year. and number three, there was biden's defense of the hhs contraception mandate. >> no religious institution, catholic or otherwise, including catholic social services, georgetown hospital, mercy hospital, any hospital, none has to either refer contraception, none has to pay for contraception, none has to be a vehicle to get contraception in any insurance policy they provide. that is a fact. >> laura: false. today the u.s. conference of catholic bishops rebuked the vice president noting that the so-called accommodation, the obama administration promised for catholic hospitals, universities, and other religious charities isn't an accommodation at all. they will all still serve as a vehicle for contraception, abore that face drugs an
supports actually does. more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? infringement on our lives.s s le chaigingsuch an...here too.. the how dare they step into my life that way. it's none of their business. he's trying to restrict us, again. he's taking us backwards. george allen is the last thing we need in washington. anncr: the democratic senatorial campaign committee is... responsible for the content of this advertising. . >>> hitting the grocery store on the way home from work took on a new meaning. billboards will allow you to start shopping on the spot. laura evans is here to explain why you -- where you will find them and how it works. you have my attention. >> reporter: they're cool, shawn. should have your attention on this. one of the biggest internet stores in the country is behind the billboards and
Search Results 0 to 49 of about 586 (some duplicates have been removed)

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